The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-04-08
Speers' Wadding Co.. los bid ITO asked
U'on Sfk Y'rd 4 F Go. 20 bid, =. asked

NEW YORK, April Mooney on cal
loaned 81 5a9l5 per cent. closed offered
at 6 per cent Prime mercantile paper
5@6 per cent. Sterling exchange quiei
but steady at 4S5 for sixty day bills and
1856! for demand.
Bonds-Both government and State
bonds were quiet and firm.
Stocks-The stock market today,
though exhibiting decreased volume
OF business, wss strong with higher
range of values throughout the day.
The heavy sales for realiz atoms was
again continued, but the action of the
Interstate Commerce Commissioners
in suspending for ninety days the long
and short haul clause among the
Southern roads was accepted by the
street as evideLcs OF a desire upon the
part OF the Commissioners not to in.
terfere with established prosperity.
Published utterances Of Mr.. Gould were
also made the basis for considcIa ole
buying. Boston and London were free
buyers Of their specialties. The coal
stocks we're sgain prominent, but their
relative importance Wa much less
than yesterday. Operations were
again resumed in st. Paul, and the
stock was conspicuously strong. Union
Pacific in the forenoon and Pacific
Mail in the afternoon were special
features. The important movements,
however, were almost entirely in the
specialties, and sharp advances were
made in Evansville and Terre Hsute
aud Duluth, Colorado Coal and
Wheeling and Lake Erie, which for
the first time today were traded in.
The market was generally strong at
the opening at advances over last
evenings closing prices, which ranged
up to }. A few stocks were lower,
hoEever, Pacific Mail being of !. The
entire market was strong in the early
dealings, though advances were CON
foed to fractions except in a
few Of the specislties. The mar.
ket then became quiet and re.
ceded somewhat before noon. After
that time there was renewed buying,
especially among the grsngers aud
trunk line stocks, with ST. Paul as ths
special feature, the latter rising / per
cent. The market then steadied, but
in the last hour again yielded, and
the close was rather heavy at fraction.
al onctssions from the best prices
reached. Sales, 4l2,575 shares, Rail-
road bonds were active; sales, s., go.
900. The special features were At.
laatic and Pacific incomes, in which
the Gales were S770, 1000; Green Bay In
comes on sales Of $2l9,000, and New
York City and Northern Trust Re-
ceipts, with sales OF s23S,00O. The
general market was comparatively
quiet but remained firm throughout,
and closing prices were most invsria.
bly, showing advances.
The total sales OF stocks today were
4l2,575 shares, including: Canada
$3.50; Delaware, Lackswan-
na and Western, 1925; Delaware and
Hudson, 1857; Erie, 1000; Kansas
and Texas, Is, 4l0; Lake Shore, 1O, 900;
Louisville and Nashville, 4,16);
Northwestern, 5000; New Jersey Gem
trail, BOO; Ohio and Mississippi, 1850;
Oregon Transcontinental, 1920; Pa.
cifc Mail, $3.50; Peoria, Decatur and
Evansville, 6l20; Reading, Sc, 800; St.
Paul, 1880; St. Paul and Omahs,
1925; Texas Pacific, Is. 4l0; Union Pa.
,ific, 23,S00; Western Union, 1925;
Wabash Pacific, 1926. Closing quota,
lions: